Marcus Today Pre-Market Podcast – Monday 6th March
US markets better on Friday, bond yields dropped with the 10 year down 11bp and the two-year down 4bp. The US dollar also dropped 0.35%. Part of that was on the back of a dip in the services sector PMI number from 55.2 to 55.1. Hardly a pivotal release but the first economic number in the last couple of weeks that has come in below rather than above expectations. 55.2 is still a healthy clip as one newswire says, and within the number new orders and employment both rose to more than one year highs, although the prices paid measure in the number fell to a two year low.
Tune in to Henry Jennings’ Pre-Market Podcast to get in the know for the day ahead.
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